Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
aylabadia05
on 05/08/2023, 10:32:13 UTC
⭐ Merited by uswa56 (1)
I am not sure what you are saying here, aylabadia05.
I mean to relate the story behind the experience that our friend @Odohu said about the first time he bought Bitcoin and was about to make a quick profit.

Of course, there are not any guarantees that bitcoin is going to go up greater than any other possible place that you could put your investment, even though a lot of us who are long time bitcoiners and who have studied bitcoin, invested in bitcoin and continue to hold onto our bitcoin believe that bitcoin is amongst the best of investments for the long term if not the best, so bitcoin is a very great asymmetric bet that may or may not end up working out.. so accordingly, each of us should be attempting to figure out the amount of allocation that we would like to give to bitcoin as compared with other places that we might want to put value.
I will say yes to your two explanations that Bitcoin is a very good asymmetric bet and about there is no guarantee that you will get faster and bigger profits based on the experience that we have learned so far as bitcoiners.
Based on historical data, when the price was $10k, $11k and below $15k around 2020, there were those who bought and those who didn't. Currently the price of Bitcoin is under $30k, some are buying and some are not buying. I mean, it's about choice.